FirmaIQ
Org.nr 914 765 730 2019 → 2020 Year-over-year analysis

ABELSEN TØMRERSERVICE AS: årsregnskap 2020 vs 2019

Grew 26% on revenue, stronger earnings

approved 2021-05-31; registry 2021-06-05; journal 2021 389814

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABELSEN TØMRERSERVICE AS. Revenue 4.39m NOK → 5.54m NOK (+26.1%). Net result +144.7k NOK → +400.3k NOK. Equity 713.5k NOK → 113.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABELSEN TØMRERSERVICE AS.

At a glance

Scorecard

Revenue
4.39m NOK 5.54m NOK
+26.1%
Operating result
+186.3k NOK +518.6k NOK
+178.3%
Net result
+144.7k NOK +400.3k NOK
+176.5%
Equity
713.5k NOK 113.8k NOK
-84.1%
Cash
1.12m NOK 2.05m NOK
+82.8%
Total assets
1.36m NOK 2.32m NOK
+70.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.39m NOK to 5.54m NOK (+26.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +186.3k NOK → +518.6k NOK (op. margin 4.2% → 9.4%). Calculated

  • ↑

    Net result improved

    Net result +144.7k NOK → +400.3k NOK (net margin 3.3% → 7.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.12m NOK → 2.05m NOK (+82.8% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 713.5k NOK → 113.8k NOK (equity ratio 52.5% → 4.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1.53m NOK → 1.98m NOK (+29.4% YoY). Calculated